ProSystem fx® Fixed Assets Simplify all your asset management and depreciation tasks
Experience the flexibility of a complete asset tracking, management, and reporting solution with ProSystem fx Fixed Assets. The program uses ready-to-file IRS forms for tax returns and easy–to–use customization options for entering asset information, viewing data, and producing reports. As a result, ProSystem fx Fixed Assets is a solution that satisfies your firm's needs and accommodates each user's preferences.
ProSystem fx Fixed Assets incorporates superior technology to simplify all your asset management and depreciation tasks. View the details of how an asset's current depreciation is calculated, or allocate a specific percentage of a disposition to each asset with a simple push of a button. With ProSystem fx Fixed Assets, you can also:
Enter an unlimited number of assets.
Easily handle like-kind exchanges, creating “book” and continuation assets.
Dispose of partial assets or group multiple assets for simplified disposal as one unit.
Split assets into a maximum of 99 separate assets.
Compute Section 179 and Section 280(f ) recapture.
Automatically compute listed Auto and Section 179 limits.
Calculate negative depreciation.
Leverage a standard toolbar to display user-defined icons or customize the system-defined Fixed Assets toolbar to best increase your productivity.
Create filters at a global level, then access them from within any ProSystem fx Fixed Assets file.
Open any client file accessed within the last two years of the current ProSystem fx Fixed Assets software version.
Combine a previously split asset using the Undo Split function.
Allocate the available amount of section 179 among all assets
Track Assets and quickly view previous activity, allowing you to identify the other assets involved in each event
Instead of spending hours creating custom reports, ProSystem fx Fixed Assets can help you focus on higher-value services by handling the reporting for you:
With report customization, you can select data columns, create custom headers and footers, and benefit from a variety of format options. You can even modify reports before they are printed.
To help simplify your day-to-day asset management, Fixed Assets includes customizable Calculation, Projection, Activity and Status, Asset, and Tax Form reports.
For closed years, you can generate prior year reports.
Expand your reporting capabilities with the flexibility to generate a next year report with settings to adjust based on reporting period.
Include all amortized assets in the same report as the depreciated assets, or in a separate report.
Subtotal options allow you to include Dispositions, specificially exclude Dispositions, or omit subtotals.
Take advantage of the bi-directional integration between ProSystem fx Fixed Assets and ProSystem fx® Tax and Global fxthat will help save you valuable time and ensure a smoother set-up of all tax return information. Link asset and depreciation detail directly with ProSystem fx Tax for easy import and export of:
Company and asset information.
Depreciation information in full deatil or as totals.
Disposed asset information for reporting tax gains and losses.
State depreciation adjustments.
Integration with ProSystem fx® Engagement lets you store your ProSystem fx Fixed Assets files and report PDFs in ProSystem fx Engagement binders, streamlining your document management. You can also append the Report Name/Subtitle when exporting to ProSystem fx Engagement, or combine multiple ProSystem fx Fixed Assets reports into a single bookmarked PDF.
